Cencora Inc. [COR] stock is trading at $242.04, down -1.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COR shares have lost -1.06% over the last week, with a monthly amount glided 2.86%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cencora Inc. [NYSE: COR] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $261. Previously, Barclays started tracking the stock with Overweight rating on January 03, 2024, and set its price target to $242. On December 14, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $213 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $185 on March 31, 2023. BofA Securities upgraded its rating to Buy for this stock on October 11, 2022, and upped its price target to $169.
Cencora Inc. [COR] stock has fluctuated between $161.02 and $246.75 over the past year. Currently, Wall Street analysts expect the stock to reach $179.89 within the next 12 months. Cencora Inc. [NYSE: COR] shares were valued at $242.04 at the most recent close of the market. An investor can expect a potential drop of -25.68% based on the average COR price forecast.
Analyzing the COR fundamentals
Cencora Inc. [NYSE:COR] reported sales of 271.58B for the trailing twelve months, which represents a growth of 14.97%. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 2.48 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 240.41 points at the first support level, and at 238.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 245.16, and for the 2nd resistance point, it is at 248.28.
Ratios To Look Out For
For context, Cencora Inc.’s Current Ratio is 0.88. Also, the Quick Ratio is 0.52, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 52.95 and price to earnings (TTM) ratio is 26.36.
Transactions by insiders
Recent insider trading involved COLLIS STEVEN H, Chairman, President & CEO, that happened on Mar 19 ’24 when 10755.0 shares were sold. Executive Vice President, Campbell Elizabeth S completed a deal on Mar 18 ’24 to sell 6977.0 shares. Meanwhile, Executive Vice President Clark Gina sold 1100.0 shares on Feb 13 ’24.
